Computer Repair Business Plan

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PC Repair

Financial Plan

Forecast

Key assumptions

PC Repair’s customer base would fluctuate if there was a recess in the economy or other extenuating circumstances that pertain directly to consumer or industry behavior. However, given the steady increase in computer users despite the recent recession, we assume that sales forecasts are unlikely to be dramatically altered by economic events. The table below shows some of our other assumptions

Revenue by Month

Chart visualizing the data for Revenue by Month

Expenses by Month

Chart visualizing the data for Expenses by Month

Net Profit (or Loss) by Year

Chart visualizing the data for Net Profit (or Loss) by Year

Financing

Use of funds

Our Startup Funds are: 

  • Legal $650
  • Website $350
  • Business Cards $100
  • Insurance $150
  • Uniforms $300
  • CPA $250
  • Advertisement $1,000

TOTAL START-UP EXPENSES $3,000

 

Sources of Funds

Jack Hacker will put in $23,000 to start; and will take out a $20,000 loan.

Statements

Projected Profit and Loss

2018 2019 2020
Gross Margin $240,534 $249,676 $263,326
Operating Expenses
Salaries & Wages $139,200 $171,984 $175,423
Employee Related Expenses $27,840 $34,397 $35,084
Rent $38,400 $38,400 $38,400
Marketing $8,820 $9,156 $9,660
Insurance $2,400 $2,400 $2,400
Utilities $3,000 $3,000 $3,000
Amortization of Other Current Assets $0 $0 $0
Interest Incurred $701 $100
Depreciation and Amortization
Gain or Loss from Sale of Assets
Income Taxes $3,026 ($1,464) ($96)
Total Expenses $423,853 $466,097 $483,545
Net Profit $17,147 ($8,297) ($545)

Projected Balance Sheet

Starting Balances 2018 2019 2020
Cash $29,000 $67,322 $47,076 $49,377
Accounts Receivable $0 $0 $0
Inventory $1,000 $1,000 $1,000 $1,000
Other Current Assets $10,000 $10,000 $10,000 $10,000
Total Current Assets $40,000 $78,322 $58,076 $60,377
Long-Term Assets
Accumulated Depreciation
Total Long-Term Assets
Accounts Payable $24,490 $23,822 $24,923
Income Taxes Payable $2,170 ($1,464) ($96)
Sales Taxes Payable $7,686 $6,867 $7,245
Short-Term Debt $13,171 $6,829
Prepaid Revenue
Total Current Liabilities $13,171 $41,175 $29,225 $32,072
Long-Term Debt $6,829 $0 $0 $0
Long-Term Liabilities $6,829 $0 $0 $0
Paid-In Capital $23,000 $23,000 $23,000 $23,000
Retained Earnings ($3,000) ($3,000) $14,147 $5,850
Earnings $17,147 ($8,297) ($546)

Projected Cash Flow Statement

2018 2019 2020
Net Cash Flow from Operations
Net Profit $17,147 ($8,297) ($545)
Depreciation & Amortization $0 $0 $0
Change in Accounts Receivable $0 $0 $0
Change in Inventory $0 $0 $0
Change in Accounts Payable $24,490 ($668) $1,101
Change in Income Tax Payable $2,170 ($3,634) $1,368
Change in Sales Tax Payable $7,686 ($819) $378
Change in Prepaid Revenue
Investing & Financing
Assets Purchased or Sold
Investments Received
Dividends & Distributions
Change in Short-Term Debt ($6,342) ($6,829)
Change in Long-Term Debt ($6,829) $0 $0
Cash at Beginning of Period $29,000 $67,322 $47,076
Net Change in Cash $38,322 ($20,247) $2,302
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